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  • Q1 What Is Production Function ? Explain in Detail The Laws of Returns To Scale ? (10 Marks)

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    This document contains instructions for a student assignment. It asks the student to answer two questions in their own handwriting within the allocated pages. The first question asks the student to explain what a production function is and detail the laws of returns to scale. The second question asks the student to distinguish between substitutes and complements with examples, and how that distinction helps with decision making. The student must sign each page of the assignment.

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    21806575008_DECO405_18191_1.pdf

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    This document contains instructions for a student assignment. It asks the student to answer two questions in their own handwriting within the allocated pages. The first question asks the student to explain what a production function is and detail the laws of returns to scale. The second question asks the student to distinguish between substitutes and complements with examples, and how that distinction helps with decision making. The student must sign each page of the assignment.

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    © All Rights Reserved
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    10 views2 pages

    Q1 What Is Production Function ? Explain in Detail The Laws of Returns To Scale ? (10 Marks)

    Uploaded by

    umishra46
    This document contains instructions for a student assignment. It asks the student to answer two questions in their own handwriting within the allocated pages. The first question asks the student to explain what a production function is and detail the laws of returns to scale. The second question asks the student to distinguish between substitutes and complements with examples, and how that distinction helps with decision making. The student must sign each page of the assignment.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    RegdNo.

    21806575008
    Assignment No. 1
    Course Code: DECO405 Registration Number: _____________
    Instructions:
    a.Attempt all questions given below in your own handwriting. Assignment in typed format will not be
    considered for evaluation.
    b.The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall
    not be considered.
    Q1 What is production function ? Explain in detail the laws of returns to scale ? [10 Marks]

    Signature of the Student_____________ Page 1 of 2


    RegdNo. 21806575008
    Assignment No. 1
    Course Code: DECO405 Registration Number: _____________
    Instructions:
    a.Attempt all questions given below in your own handwriting. Assignment in typed format will not be
    considered for evaluation.
    b.The student has to complete the assignment in the allocated pages only. Any other page in case utilized shall
    not be considered.
    Q2 Distinguish between substitutes and complements with examples. How does this distinction
    of goods helps in decision making ? [10 Marks]

    Signature of the Student_____________ Page 2 of 2

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